TSLA Trade on Mar 24, 2023 09:48 from AndyBhanver3: Tradervue User Stock Trades.

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AndyBhanver3

 

TRADE IDEA - (TREND TRADING, BREAKOUT AND BREAKDOWN, REVERSAL TRADING, MOMENTUM TRADING, GAP AND GO)

PLAY IDEA/SETUP - BOTTOM PICK - DOUBLE BOTTOM

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING, RECLAIM WICK OFF POINT OF INTEREST) - #1. GOT LONG HERE AS WE REALLY EXTENDED OFF THE OPEN 5 POINTS - 50% ATR INTO 188 SUPPORT, MARKETS CAME INTO KEY HOURLY SUPPORT, TSLA DOUBLE BOTTOM AND THIS WAS A SIGNAL FOR ME TO GET LONG, GOT LONG ON THE SECOND OPENING CANDLE

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION, LARGE OFFER, VOLUME DROP OFF) - #1. GOT OUT 50% OF MY POSITION INTO 190 WHERE WE COULD POSSIBLY REJECT HERE AT VWAP AS WELL, BUT DECIDED TO HOLD A BIT IF CANSE WE DID POP SLIGHTLY HIGHER - GOT OUT ANOTHER 20% INTO THE NEXT UPMOVE INTO 190.5 AFTER THE PULLBACK - GOT ANOTHER 30% OUT INTO NEAR 191 ISH WHEN WE STARTED TO PULL IN AND HAS A REASONABLE 2 POINT BOUNCE OF THE LOWS HERE

PT - #1. PT AROUND 190 - 191

MARKET CONDITIONS - #1. MARKETS BOUNCED OFF KEY HOURLY SUPPORT, HOWEVER TESLA NOT AS STRONG BOUNCE WITH MKT

TAPE (AROUND SIGNIFICANT AREAS) - #1. NICE DOUBLE BOTTOM AND UPMOVE HERE BACK INTO 190 WHERE WE FOUND SOME STRUGGLE, PULLBACK ON SOME SLIGHT VOLUME BEFORE THE NEXT UPMOVE

REFLECTION - #1. NICE BOTTOM HERE AND MOVE BACK TO UPSIDE

MISTAKES (DON’T GET UPSET AT LOSSES, BUT GO BACK REVIEW AND MAKE SENSE OF WHAT WENT WRONG WHY DIDN’T THE TRADE WORK AS YOU EXPECTED IT TO AND ONCE YOU FIND THE SOLUTION YOU WILL FEEL MUCH BETTER) - #1. QUICK EXITS ON SMALL PORTION TO COVER RISK - HELD MOST POSITION FOR LARGER UPMOVE AND EXITING AS E.V SHIFTED AND SAW A BIT OF A RED FLAG AS TESLA WASN’T BOUNCING AS AGGRESSIVELY WITH MARKET

SOLUTIONS -

IS THIS STRATEDGY WORKING OR NOT? PROBLEM? SHAKEN OUT TOO EARLY, RIGHT TRADE WRONG TIME, TOO TIGHT STOP LOSS?

WAS THIS A GOOD SETUP, DID I EXECUTE WELL, DID I FOLLOW MY PLAN, WAS MY MENTAL IN TACT? #1. CLEAR CUT DOUBLE BOTTOM SIGNAL AND NICE CORRECTION IN CHOPPY MARKET CONDITIONS

BUILDING A NETWORK / STAYING UP TO DATE WITH MARKET TRENDS, NEWS AND DEVELOPMENTS - EDGE, UNIQUE TRADE STRAT,

TRADE IDEA - (TREND TRADING, BREAKOUT AND BREAKDOWN, REVERSAL TRADING, MOMENTUM TRADING, GAP AND GO)

PLAY IDEA/SETUP - VWAP - KEY LEVEL

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING, RECLAIM WICK OFF POINT OF INTEREST) - #1. GOT LONG HERE AS THE E.V WAS FAVORABLE IN EITHER DIRECTION, DID NOT WANT TO BUY STRAIGHT AT 190 AS WE KEPT POPPING BELOW THIS LEVEL AND THEN BOUNCING, SO GOT LONG ONCE AS PUSHED BELOW 190 AND THEN BOUNCED, ENDED UP BUYING RIGHT OFF 190

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION, LARGE OFFER, VOLUME DROP OFF) - #1. EXITED A PORTION RIGHT INTO 190.5 TO COVER RISK - 20% AND THEN GOT OUT THE REST INTO 191 RESISTANCE AND ON THE BREAKOUT AS WELL - 50% - REMAINING 30% EXITED AS WE DID NOT GET FURTHER MOMENTUM HIGHER AND THE MARKETS WERE AT HOD AND TESLA WAS KIND OF LAGGING AND FEELING A BIT HEAVY HERE

PT - #1. - 191 HERE

MARKET CONDITIONS - #1. NEAR ITS HIGHS BUT TESLA NOT MOVING AS STRONG WITH MARKETS

TAPE (AROUND SIGNIFICANT AREAS) - #1. WAS SEEING A NICE BOUNCE OFF BELOW 190 AND THEN A NICE POP AND STRONG UPMOVE AS WE HELD 190 RETEST, CAME INTO 191 AND THEN STARTED TO SNAP HIGHER, NICE MOMENTUM AND BUYING COMING IN - FOLLOWING CANDLE POPPED A BIT BUT CAME BACK DOWN AND REALLY WANTED TO SEE THIS MOVE MUCH MORE AGGRESSIVELY OUT OF THIS RANGE, BUT JUST DID NOT HAPPEN SO TOOK THIS AS A BIT OF A RED FLAG AND EXITED

REFLECTION - #1. NICE TRADE HERE WHEN E.V WAS FAVORBALE BOTH SIDES, PLAYED THE CONTINAUTION FROM THE DOUBLE BOTTOM OFF 188 - NICE EXITS AS WE DID NOT MOVE AS NICELY TO UPSIDE WITH MARKET

MISTAKES (DON’T GET UPSET AT LOSSES, BUT GO BACK REVIEW AND MAKE SENSE OF WHAT WENT WRONG WHY DIDN’T THE TRADE WORK AS YOU EXPECTED IT TO AND ONCE YOU FIND THE SOLUTION YOU WILL FEEL MUCH BETTER) - #1. NO MISTAKES, PLAYED IT WELL, NICE E.V ENTRY, COVERED RISK NICELY, AND THEN EXITED ON NICE UPMOVE INTO STRENGTH AS E.V STARTED TO SHIFT

SOLUTIONS -

IS THIS STRATEDGY WORKING OR NOT? PROBLEM? SHAKEN OUT TOO EARLY, RIGHT TRADE WRONG TIME, TOO TIGHT STOP LOSS?

WAS THIS A GOOD SETUP, DID I EXECUTE WELL, DID I FOLLOW MY PLAN, WAS MY MENTAL IN TACT? #1. - I LIKED THE HOLD HERE, GAVE ME A NICE CHANCE TO HAVE TIGHT RISK AND CATCH A NICE UPMOVE

BUILDING A NETWORK / STAYING UP TO DATE WITH MARKET TRENDS, NEWS AND DEVELOPMENTS - EDGE, UNIQUE TRADE STRAT,


Execution detail:

Date/time Symbol Side Price Position
2023-03-24 09:48:06 TSLA buy $188.860 long
2023-03-24 09:50:55 TSLA sell $190.020 long
2023-03-24 09:51:07 TSLA sell $189.860 long
2023-03-24 09:56:07 TSLA sell $190.430 long
2023-03-24 09:56:21 TSLA sell $190.450 long
2023-03-24 09:57:23 TSLA sell $190.780 0
2023-03-24 10:10:06 TSLA buy $190.010 long
2023-03-24 10:11:28 TSLA sell $190.520 long
2023-03-24 10:11:32 TSLA sell $190.480 long
2023-03-24 10:13:02 TSLA sell $190.950 long
2023-03-24 10:13:08 TSLA sell $191.290 long
2023-03-24 10:13:30 TSLA sell $191.420 long
2023-03-24 10:13:58 TSLA sell $191.370 0


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